Logitech Announces CEO Departure

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Citi Downgrades Logitech International (LOGI) to Neutral, 'Unexpected CEO Departure'

June 14, 2023 6:23 AM EDT

Citi analyst Asiya Merchant downgraded Logitech International (NASDAQ: LOGI) from Buy to Neutral with a price target of $70.00 (from $73.00).

The analyst comments "After the close on June 13th, Logitech announced its president and CEO, Bracken Darrell, is immediately departing for an outside opportunity,... More